Investor market data · New Mexico

Santa Fe, NM Rental Market for Investors

An estimated 34% of Santa Fe's active listings could cash-flow as a short-term rental — here's what the numbers say for investors, as of October 2026.

See what pencils →Run a DSCR

$749,900Median list price717 active listings

$58,670Median STR revenue / yrprojected, gross

Homes in Santa Fe that pencil right now

A sample of active Santa Fe listings whose DSCR clears 1.25 using short-term rental income projections we accept as a direct lender. These are spread across the price range, not ranked, and current as of October 2026.

$189,000DSCR 1.73
1 bed · 1 bath · 582 sqft
Condo in 87501 · built 1984
STR revenue
$40,094/yr
Est. interest-only payment
$1,541/mo
On the market 52 days · Listed by Barker Realty, LLC
Scout this home & market: 1-bed condo in Santa Fe
$212,000DSCR 1.82
2 bed · 1 bath · 789 sqft
Condo in 87501 · built 1984
STR revenue
$49,471/yr
Est. interest-only payment
$1,816/mo
On the market 213 days · Listed by Candice & Company
Scout this home & market: 2-bed condo in Santa Fe
$225,000DSCR 1.75
2 bed · 1 bath · 789 sqft
Condo in 87501 · built 1984
STR revenue
$49,471/yr
Est. interest-only payment
$1,885/mo
On the market 212 days · Listed by Barker Realty, LLC
Scout this home & market: 2-bed condo in Santa Fe
$399,900DSCR 1.35
3 bed · 2 bath · 1,139 sqft
House in 87507 · built 2013
STR revenue
$45,854/yr
Est. interest-only payment
$2,271/mo
On the market 197 days · Listed by Realty One of New Mexico - Eagle Ranch Main Office
Scout this home & market: 3-bed house in Santa Fe
$479,000DSCR 1.51
2 bed · 1 bath · 1,043 sqft
Condo in 87501 · built 1998
STR revenue
$71,613/yr
Est. interest-only payment
$3,153/mo
On the market 108 days · Listed by Corcoran Plaza Properties
Scout this home & market: 2-bed condo in Santa Fe

Ask about Santa Fe deals →Run any address yourself

As of October 2026, we analyzed 717 active for-sale homes in Santa Fe, New Mexico. The typical listing is priced at $749,900 and is projected to generate about $58,670 a year as a short-term rental.

After setting aside an estimated 20% for operating costs, an estimated 33.8% of those homes could still cover an investor mortgage payment on short-term-rental income — below the 53.1% median across the 200 major metros we track, ranking Santa Fe #163 of 200 for cash-flow potential.

On market momentum: homes in Santa Fe sit a median of 79 days on the market, and 21% of active listings came on in just the last 30 days — a slower-moving market, which shapes how much room there is to negotiate.

For a DSCR loan — which qualifies on the property's rental income rather than your personal income — Santa Fe runs tighter once operating costs are accounted for: many listings need a below-median price, a stronger short-term-rental setup, or more money down before the income covers the payment. It's a market where running the numbers property-by-property matters.

What actually works in Santa Fe

Cash-flow is the exception rather than the rule in Santa Fe right now: 68 of the 534 Santa Fe homes, condos and townhomes we can price confidently clear a DSCR of 1.25. Nine in ten of them are priced under $610,000.

Share of those listings clearing an DSCR of 1.25, by price and bedroom count. The smaller figure is the median DSCR for that group.
Price	1 bed	2 bed	3 bed	4 bed	5 bed
$150k–$250k	80%1.54	100%1.83	—	—	—
$250k–$350k	—	56%1.28	—	—	—
$350k–$500k	18%1.04	33%1.13	36%1.14	—	—
$500k+	0%0.71	0%0.83	3%0.74	5%0.79	11%0.73

Darker means a larger share of that group cash-flows. “—” means fewer than 8 active listings — too few to draw a conclusion from.

Santa Fe in full

Active for-sale homes analyzed	717
Median list price	$749,900
Median projected STR revenue (annual, gross)	$58,670
Median average daily rate (ADR)	$264
Median occupancy	60%
Median beds	3
Median size	2,159 sqft
Estimated cash-flow-positive share	33.8%
Median days on market	79 days
New listings (last 30 days)	20.8% of active